Moseley Investment Management Inc. Sells 790 Shares of The Procter & Gamble Company (NYSE:PG)

Moseley Investment Management Inc. decreased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 9.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,321 shares of the company’s stock after selling 790 shares during the period. Moseley Investment Management Inc.’s holdings in Procter & Gamble were worth $1,188,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PG. Advantage Trust Co bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $28,000. Naples Money Management LLC bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $29,000. Wyrmwood Management LLC bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $29,000. Transcendent Capital Group LLC bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $31,000. Finally, MeadowBrook Investment Advisors LLC bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $33,000. Institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PG shares. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and raised their target price for the stock from $160.00 to $175.00 in a report on Monday, March 11th. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Monday. Jefferies Financial Group raised their target price on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. The Goldman Sachs Group began coverage on shares of Procter & Gamble in a research note on Friday, March 1st. They set a “neutral” rating and a $168.00 price target on the stock. Finally, Barclays upped their price objective on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $169.76.

Insider Activity at Procter & Gamble

In related news, CEO R. Alexandra Keith sold 855 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $158.50, for a total transaction of $135,517.50. Following the completion of the transaction, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at $634,634. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CEO R. Alexandra Keith sold 855 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $158.50, for a total value of $135,517.50. Following the completion of the sale, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at approximately $634,634. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Moses Victor Javier Aguilar sold 9,149 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $167.72, for a total value of $1,534,470.28. Following the completion of the sale, the insider now directly owns 12,929 shares of the company’s stock, valued at $2,168,451.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 154,544 shares of company stock valued at $25,413,051. Insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Performance

NYSE:PG opened at $168.56 on Thursday. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $168.97. The stock has a 50-day moving average price of $164.09 and a 200 day moving average price of $157.83. The stock has a market capitalization of $397.83 billion, a P/E ratio of 27.54, a P/E/G ratio of 3.42 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The company had revenue of $20.20 billion during the quarter, compared to analyst estimates of $20.43 billion. During the same period in the prior year, the company earned $1.37 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. Equities research analysts forecast that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were paid a dividend of $1.0065 per share. The ex-dividend date of this dividend was Thursday, April 18th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 dividend on an annualized basis and a yield of 2.39%. Procter & Gamble’s dividend payout ratio is presently 65.85%.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.